For most households, there usually seems to be a large list of home improvement projects that they would like to get done or new ideas they’d like to try. While some may not be required, furnace replacement is an example of a job that could be vital to keeping your home comfortable throughout the cooler months in Reinholds.
Getting a new furnace is a sizeable investment. You’ll absolutely recognize the return-on-investment on your indoor comfort in addition to your utility costs, but it could be a little overwhelming at first. The good news is that when you pick a new energy-efficient furnace, you may be eligible for a federal tax credit.
According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to obtain the tax credit, you are required to buy a furnace that has earned the ENERGY STAR label. It cannot be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When shopping for furnace replacements, watch for solutions with the ENERGY STAR rating so you can be sure you’re choosing a high-efficiency furnace.
At County Line Mechanical LLC, our team can help you choose a solution that matches your needs and ensures you qualify for this tax credit. While ENERGY STAR products indicate high efficiency, you will want to clarify that the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE represents the percent of heat produced for every dollar of fuel consumed.
Qualifying for the tax credit will not be the only savings you’ll find when you buy a new high-efficiency furnace. Some of the most efficient furnaces can save you hundreds of dollars on your energy costs throughout the year. And your household will also have more confidence in your HVAC system to maintain your indoor space at just the right temp.
If you come across questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by buying a new high-efficiency furnace, give our teams at County Line Mechanical LLC a call at 717-216-0846. You could also visit ENERGY STAR or contact your local utility organization if you have questions about other eligible home products.